There\u0027s room for everyone on this raft
Household debt on the rise
And when you factor in the fact that housing affordability is at its lowest level in history, these young adults face an additional hurdle to building wealth. According to the study conducted by Licensed Insolvency Trustees Hoyes, Michalos & Associates Inc., the average insolvent debtor is holding a mortgage valued at $395,545., rates are expected to fall later in the year — so you’ll want to keep an eye out for the chance to slash your monthly expenses or the lifetime cost of your loan.Article contentBorrowers in their 30s are struggling with the highest credit card debt.
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